IIB
114th CONGRESS
2d Session
H. R. 4325
IN THE SENATE OF THE UNITED STATES
April 20, 2016
Received; read twice and referred to the Committee on Small Business and Entrepreneurship
AN ACT
To amend the Small Business Act to modify the anticipated value of certain contracts reserved exclusively for small business concerns.
Short title
This Act may be cited as the Unifying Small Business Terminology Act of 2016
.
Modification of the anticipated value of certain contracts reserved exclusively for small business concerns
In general
Section 15(j)(1) of the Small Business Act (15 U.S.C. 644(j)(1)) is amended by striking greater than $2,500 but not greater than $100,000
and inserting greater than the micro-purchase threshold defined in section 1902(a) of title 41, United States Code, but not greater than the simplified acquisition threshold
.
Technical amendment
Section 3(m) of the Small Business Act (15 U.S.C. 632(m)) is amended to read as follows:
Simplified acquisition threshold
In this Act, the term simplified acquisition threshold has the meaning given such term in section 134 of title 41, United States Code.
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Passed the House of Representatives April 19, 2016.
Karen L. Haas,
Clerk